T-Mobile USA to soon sell iPhones, cut subsidies: CEO
LAS VEGAS - Deutsche Telekom AG unit T-Mobile USA will start selling the Apple Inc iPhone in about three to four months and will enforce its plan to get rid of cellphone subsidies in a similar timeframe, according to Chief Executive John Legere.
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Reuters
Why the New York Stock Exchange Sold Out to a Upstart You’ve Never Heard Of
The recent history of the New York Stock Exchange (NYSE) is interesting in part because it’s an illustration of how disruptive new technology can be. Twenty years ago the NYSE and it’s relatively young rival NASDAQ accounted for 97% of the total U.S. stock trading volume. Then the rapid development of computer technology, combined with a handful of regulatory changes, enabled dozens of alternative trading venues to sprout up over the past two decades, increasing competition for volume and driving down the exchanges’ profits, ultimately pushing the NYSE – one of the most enduring symbols of American capitalism — towards increasing irrelevancy. So yesterday’s announcement that a young, Atlanta-based commodity and derivatives exchange called IntercontinentalExchange (ICE) has agreed to purchase NYSE Euronext for $8.2 billion is just another sign of traditional exchanges’ waning importance on Wall Street. What’s more, analysts believe that the primary appeal of NYSE ...
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Ex Deutsche Bank CEO criticizes successor for skipping hearing
FRANKFURT - The former head of Germany's Deutsche Bank Josef Ackermann criticized his successor Anshu Jain on Monday for not agreeing to appear at a German parliamentary hearing this week on Libor manipulation.
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Reuters
Deutsche Bank CEO says bank sector too dependent on ECB cash
FRANKFURT - Deutsche Bank co-Chief Executive Juergen Fitschen said Europe's banking sector remains too dependent on extraordinary support measures taken by the European Central Bank.
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T-Mobile USA Names Legere CEO
Deutsche Telekom named John Legere as chief executive of T-Mobile USA, replacing interim CEO Jim Alling.
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